Edison has drawn a double bottom, the pullback occurred last week. The probability of an uptrend to 74$ is measured as 92%. The signal is very strength an supported by RSI an William%R.
Edison International fired a long on Friday, which I bought. I suggest going long at the market with 1% max risk for a target of 76.54 and a stop at 70.81.
Check out some additional running setups in the related ideas below from Ivan Labrie and I.
This bullish continuation diamond has a measured target price $70 with a stop loss at recent swing low at and around $57.51. For real-time alerts go www.2waytrading.com
break and retest of a broken down trend and at support volume turning point